Foreclosure Ain’t Pretty

Whoever used to live in this house we just bought had some sort of life crisis that caused them to stop making payments and lose whatever equity they had accumulated. In this very modest market, the only way we might make money is by getting a house on the cheap. So the foreclosure auction was it.

It is a bit disturbing to be rafting on someone else’s ocean of pain, but what can you do? I guess if we make a habit of acquiring houses this way, we’ll have to set up a little company. And a motto:

“Your pain is our gain.”
“When you lose, we win.”
“Building an empire one financial tragedy at a time.”
“Don’t think of it as losing your house, think of it as us making a profit.”

Well, it’s not making the world a better place, but maybe it will offer some financial space in order to free us so we can do something worthwhile. At the very least we can rid the world of some very bad carpet. You’ve got to start somewhere.

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Published in: on January 21, 2007 at 2:07 pm  Leave a Comment  

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